---
Stocks fall sharply on consumer spending worries
Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again today, hurtling the Dow Jones industrials down more than 600 points and erasing a huge chunk of last week's big gains. All the major indexes fell more than 7 percent.
The market began the day sliding on initial reports that the holiday shopping season, while better than some retailers and analysts feared, was mixed, a sign that Americans are very reluctant to spend. That has Wall Street concerned about the impact of a continuing drop in consumer spending on the sagging economy.
More at: http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/MEE8H/36/t
--------------------------------------------------------------------------------
California and the world: Visit http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/ZTTWW/36/t for up to the minute news.
Mobile: http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/C77N3/36/t
RSS feeds: http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/JDDHG/36/t
Video news: http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/TNNAM/36/t
--------------------------------------------------------------------------------
About this Communication:
You are receiving this email because you opted-in to receive Breaking News Alerts from the Los Angeles Times.
You're currently subscribed to Los Angeles Times Breaking News with the address johari.naqia.mylyrics@blogger.com. If you'd like to unsubscribe, please click here:
http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/O99O2/36/t?a=DSRY42&b=johari.naqia.mylyrics@blogger.com&c=51242192&d=YLL70
You can also unsubscribe by modifying your profile on latimes.com at http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/U33ZW/36/t
For information on how we protect your information, please read our privacy policy at http://link.latimes.com/r/NAT6JL/AWB9U/L1TFQX/25UT/JDDHC/36/t
[[NAT6JL-YLL70-AWB9U-L1TFQX-25UT-T-M2-20081201-84c7279ca47a9dfd33]]
0 comments:
Post a Comment